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Ruble is rebounding in a big way, practically where it was at the beginning of the conflict 1 month ago (this is rubles per usd)
Expect it to go even higher with today’s announcement that gas purchases from Europe must be done in Ruble. That, or gas prices will skyrocket in Europe and fuel more pandemonium there.
Where are you getting that it’s down 50%? That’s incorrect. It was around 75 rubles per dollar pre-conflict. Now it’s 100 rubles. Which isn’t too close, but it’s closer than the peak a couple a couple weeks ago where it would take 140 rubles to get a dollar.
Ruble is rebounding in a big way, practically where it was at the beginning of the conflict 1 month ago (this is rubles per usd)
Expect it to go even higher with today’s announcement that gas purchases from Europe must be done in Ruble. That, or gas prices will skyrocket in Europe and fuel more pandemonium there.
move that to a one year time line and you will see a much more sobering picture
I don’t see what you mean?
i mean the ruble is still down almost 50% from the start of war compared to dollars https://www.xe.com/currencyconverter/convert/?Amount=1&From=RUB&To=USD so its pretty far from recovered
Where are you getting that it’s down 50%? That’s incorrect. It was around 75 rubles per dollar pre-conflict. Now it’s 100 rubles. Which isn’t too close, but it’s closer than the peak a couple a couple weeks ago where it would take 140 rubles to get a dollar.
i stand corrected